Strategy Cuts $1.5B in Convertible Debt as Weekly Bitcoin Buying Pauses

Strategy used the second half of May to reduce debt while pausing additional weekly Bitcoin purchases. According to official reports, the company completed a $1.5 billion repurchase of its 0% convertible senior notes due 2029 at roughly 8% below par. The transaction cut total convertible debt from $8.2 billion to $6.7 billion. Strategy Reports 13.3% […] Read The Full Article Strategy Cuts $1.5B in Convertible Debt as Weekly Bitcoin Buying Pauses On Coin Edition.